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To learn 13 00:00:30,649 --> 00:00:34,309 more, visit carecredit.com/beckerspodcast. 14 00:00:35,570 --> 00:00:37,570 This is Gracelyn Keller with the Becker's Healthcare 15 00:00:37,570 --> 00:00:39,409 Podcast, and we are recording live at the 16 00:00:39,409 --> 00:00:42,309 twenty second annual Spine Orthopedic and Pain Management 17 00:00:42,449 --> 00:00:42,949 Conference. 18 00:00:43,570 --> 00:00:46,325 I'm currently joined by Doctor. Alison Engel, who 19 00:00:46,325 --> 00:00:49,125 is experienced in small independent practices as well 20 00:00:49,125 --> 00:00:51,284 as large corporate structures, and she's here to 21 00:00:51,284 --> 00:00:53,225 share some of her insights today. 22 00:00:53,685 --> 00:00:55,864 So Doctor. Engel, thank you for being here. 23 00:00:56,005 --> 00:00:58,299 Thank you for having me. And let's just 24 00:00:58,299 --> 00:01:00,299 jump right in and start our conversation off 25 00:01:00,299 --> 00:01:02,140 with what trends or shifts you're currently seeing 26 00:01:02,140 --> 00:01:03,739 right now in the industry that you think 27 00:01:03,739 --> 00:01:05,819 are most important for industry leaders to pay 28 00:01:05,819 --> 00:01:06,719 attention to. 29 00:01:07,420 --> 00:01:09,420 Yes. That's a great question. We've been seeing 30 00:01:09,420 --> 00:01:10,239 a lot of, 31 00:01:11,465 --> 00:01:14,105 denials, especially in the pain space. So I'm 32 00:01:14,105 --> 00:01:16,444 an interventional pain physician and anesthesiologist. 33 00:01:16,825 --> 00:01:17,965 And so we're seeing 34 00:01:19,224 --> 00:01:21,564 a lot of difficulty in getting reimbursements 35 00:01:22,025 --> 00:01:25,005 or prior auths for commercial insurance payers. 36 00:01:25,400 --> 00:01:27,880 And so we have seen a shift of 37 00:01:27,880 --> 00:01:29,420 a lot of practices 38 00:01:29,799 --> 00:01:32,219 moving towards or trying to move towards 39 00:01:32,599 --> 00:01:34,299 workers' comp, PI, 40 00:01:34,760 --> 00:01:35,260 or 41 00:01:35,640 --> 00:01:37,260 concierge type of medicine 42 00:01:38,314 --> 00:01:41,515 for the revenue streams and to increase their 43 00:01:41,515 --> 00:01:42,015 profitability. 44 00:01:43,275 --> 00:01:46,555 And staffing and workforce challenges also continue to 45 00:01:46,555 --> 00:01:49,295 be a concern across healthcare. So how is 46 00:01:49,435 --> 00:01:50,334 your organization, 47 00:01:51,034 --> 00:01:53,980 navigating these pressures, and what strategies have you 48 00:01:53,980 --> 00:01:55,819 seen work well? You know, this is a 49 00:01:55,819 --> 00:01:57,819 great question because I have been in a 50 00:01:57,819 --> 00:01:59,520 lot of places. And one, 51 00:02:00,299 --> 00:02:02,459 overall theme I've seen at the ones that 52 00:02:02,459 --> 00:02:04,959 work the best, that have a great operational 53 00:02:05,180 --> 00:02:07,040 team is getting 54 00:02:07,844 --> 00:02:10,885 a vibe of good people, everyone being on 55 00:02:10,885 --> 00:02:13,064 the same page, bringing positive energy, 56 00:02:13,525 --> 00:02:14,025 and 57 00:02:14,645 --> 00:02:17,044 leaning into each person's passions or where they 58 00:02:17,044 --> 00:02:18,105 really do well. 59 00:02:18,485 --> 00:02:21,840 I think the the hard part when staffing 60 00:02:21,840 --> 00:02:23,860 comes up is when people don't feel respected 61 00:02:23,919 --> 00:02:24,659 or appreciated 62 00:02:24,960 --> 00:02:27,199 or feel like there's a a value for 63 00:02:27,199 --> 00:02:29,280 them in the organization. So I think those 64 00:02:29,280 --> 00:02:32,480 key those three key things help our team 65 00:02:32,480 --> 00:02:33,460 members feel 66 00:02:34,034 --> 00:02:36,514 supported. And it we've got a great team 67 00:02:36,514 --> 00:02:39,014 now, and it's, everyone works together very well. 68 00:02:40,114 --> 00:02:42,435 And as outpatient care continues to grow, how 69 00:02:42,435 --> 00:02:44,435 do you see the role of orthopedics and 70 00:02:44,435 --> 00:02:47,014 ASCs evolving within the broader healthcare ecosystem? 71 00:02:48,540 --> 00:02:50,479 I I really see on the ground, 72 00:02:51,580 --> 00:02:54,620 that private practices are merging and condensing with 73 00:02:54,620 --> 00:02:57,439 other, maybe primary care, rheumatology, 74 00:02:58,219 --> 00:02:58,719 orthopedics, 75 00:02:59,180 --> 00:03:00,159 pain, spine. 76 00:03:00,705 --> 00:03:03,185 These groups of physicians trying to get together 77 00:03:03,185 --> 00:03:04,965 to help keep their 78 00:03:05,584 --> 00:03:07,824 key players in house and to give the 79 00:03:07,824 --> 00:03:10,544 patients other options to keep them within their 80 00:03:10,544 --> 00:03:13,104 organization rather than referring them out. And a 81 00:03:13,104 --> 00:03:15,250 lot of times, that's helpful by some of 82 00:03:15,250 --> 00:03:17,409 the key people on the ground knowing of 83 00:03:17,409 --> 00:03:19,250 what the patient needs. Like, when the patient 84 00:03:19,250 --> 00:03:19,989 checks out, 85 00:03:21,169 --> 00:03:23,330 they are able to help tell you in 86 00:03:23,330 --> 00:03:25,489 your organization what patients are looking for because 87 00:03:25,489 --> 00:03:26,150 not always 88 00:03:26,449 --> 00:03:28,049 is it documented or is it in the 89 00:03:28,049 --> 00:03:30,495 data analysis that we see. So we utilize 90 00:03:30,495 --> 00:03:32,495 everybody in the company to kinda help gather 91 00:03:32,495 --> 00:03:32,995 us 92 00:03:33,375 --> 00:03:35,294 gather our thoughts and give give us a 93 00:03:35,534 --> 00:03:37,055 give each of the patients a voice of 94 00:03:37,055 --> 00:03:39,074 where what their needs really are. 95 00:03:40,175 --> 00:03:41,155 And then finally, 96 00:03:41,854 --> 00:03:44,060 many organizations are exploring new technologies, 97 00:03:44,360 --> 00:03:47,000 partnerships, or care models to improve efficiency and 98 00:03:47,000 --> 00:03:49,180 outcomes. So are there any innovations or initiatives 99 00:03:49,240 --> 00:03:51,099 that you found particularly promising? 100 00:03:52,040 --> 00:03:53,659 You know, a lot of the 101 00:03:54,199 --> 00:03:56,955 a lot of the private practices are merging 102 00:03:57,094 --> 00:03:59,814 with others or selling to private equity in 103 00:03:59,814 --> 00:04:03,194 order to afford those costs of advanced technology, 104 00:04:03,335 --> 00:04:05,574 advanced AI. I think we're gonna see some 105 00:04:05,574 --> 00:04:06,955 more of that as people 106 00:04:07,254 --> 00:04:08,155 want to 107 00:04:09,230 --> 00:04:11,710 have those AI tools, and they're probably gonna 108 00:04:11,710 --> 00:04:14,669 be quite expensive for small private practices, but 109 00:04:14,669 --> 00:04:16,670 everyone's gonna gear towards them. And I think 110 00:04:16,670 --> 00:04:19,310 we'll also, though, still need that human touch, 111 00:04:19,310 --> 00:04:21,949 that human component. And so there will be 112 00:04:21,949 --> 00:04:23,170 a balance of that. 113 00:04:24,014 --> 00:04:25,535 And is there anything else you'd like to 114 00:04:25,535 --> 00:04:27,154 share that we didn't touch on today? 115 00:04:27,855 --> 00:04:29,375 I think it's important for us to just 116 00:04:29,375 --> 00:04:29,875 kinda 117 00:04:30,254 --> 00:04:31,855 take a step back and see where health 118 00:04:31,855 --> 00:04:33,134 care is going. We see a lot of 119 00:04:33,134 --> 00:04:35,154 advancement in AI and technology 120 00:04:35,694 --> 00:04:37,634 that's helping the health care system. 121 00:04:38,389 --> 00:04:41,189 But we're also seeing people move, patients in 122 00:04:41,189 --> 00:04:41,689 particular, 123 00:04:42,310 --> 00:04:43,610 wanting that concierge 124 00:04:43,910 --> 00:04:46,310 type of model and willing to pay cash 125 00:04:46,310 --> 00:04:46,970 for it. 126 00:04:48,230 --> 00:04:50,470 And so we we can't forget that human 127 00:04:50,470 --> 00:04:52,230 touch when we also talk about the AI 128 00:04:52,230 --> 00:04:54,764 component. I think, eventually, we'll have a good 129 00:04:54,764 --> 00:04:55,264 merge 130 00:04:55,884 --> 00:04:58,524 and, a balanced approach to health care. So 131 00:04:58,524 --> 00:05:00,384 I think it's a positive future outlook. 132 00:05:01,004 --> 00:05:03,165 Absolutely. Well, doctor Engle, thank you so much 133 00:05:03,165 --> 00:05:05,004 for joining me today on the Becker's Healthcare 134 00:05:05,004 --> 00:05:07,245 Podcast and sharing these insights. Again, we are 135 00:05:07,245 --> 00:05:10,055 recording live at the twenty second annual Spine 136 00:05:10,055 --> 00:05:11,515 Orthopedic and Pain Management 137 00:05:11,895 --> 00:05:12,395 Conference. 138 00:05:12,855 --> 00:05:14,395 Great. Thank you for having me.